List the top 25 entrepreneurs of today's startup age and there will be one thing they all share in common as a key element to their success: mentorship. More important than finding a co-founder or even funding, the right mentors can be the difference between an entrepreneur launching their idea and failing due to lack of preparation, guidance, or a few critical missteps along the way.
According to a study from Deloitte, 61% of millennials report that they have a mentor. In the same study, researchers found a connection between employee retention and mentorship, with data showing that millennials intending to stay with their organization for more than five years are twice as likely to have a mentor (68%) than not (32%). Mentorship is proven to help both the individual employee and the overall company, and yet there are still almost 40% of young professionals without mentors.
It was a Thursday morning in the middle of the fall semester and Cal student-athlete, Danny Jordan was sitting in his first class of the day, wondering how he was supposed to land his college internship. A rising sophomore and a member of the varsity men’s rowing team at UC-Berkeley, Danny was a first-generation college student with an interest in finance but he didn’t know where to start.